What price would you have to sell the stock in five years

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Reference no: EM13146815

stock traded for $27.11 and pays annual dividend of $0.36. Dividend will be paid in one year then grows by 5% each year for the next four years. Assume interest rate is 6% per year. At what price would you have to sell the stock in five years in order to break even?

Reference no: EM13146815

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